PARSIPPANY, N.J. — Securitas Security Services USA has signed a new 15-year lease for 81,282 square feet of space at 9 Campus Drive within Mack-Cali Business Center in Parsippany. The company’s new location, which will serve as its North American headquarters and Eastern Operations Center, will house a data center and 24/7 call center and approximately 225 employees. With this lease, the four-story, 156,495-square-foot office building is now 89.2 percent leased. Joseph Messina, formerly of Savills Studley, along with Daniel Foley and Christopher Marx of Savills Studley, represented the tenant, while Diane Chayes and Brian Decillis provided in-house representation for Mack-Cali Realty Corp.
FRISCO, TEXAS — Paycor Inc. has signed a new, 11,878-square-foot lease at 3001 Dallas Pkwy in the Hall Office Park development in Frisco. Craig Wilson and Travis Boothe of DTZ, an international commercial real estate services firm, handled lease negotiations on behalf of Paycor.
TAMPA, FLA. — Feldman Equities LLC and Tower Realty Partners have reacquired an interest in Wells Fargo Center, a 22-story, 390,000-square-foot office tower located in downtown Tampa. The two firms purchased the equity position in a joint venture partnership with an institutional investor that purchased the building in 2014. Feldman Equities and Tower Realty originally acquired Wells Fargo Center at the end of 2012 in a joint venture partnership with another institutional investor. As part of the agreement, Tower Realty Partners will retain management responsibilities with Feldman Equities providing leasing oversight. Jeff Lanning and Brian Breeding of Cushman & Wakefield have been retained to represent the ownership group in leasing the building. Current tenants include Wells Fargo & Co., Phelps Dunbar and UBS.
MORRISVILLE, N.C. — TradeMark Properties has brokered the $16.5 million sale of the Concourse Building, a 131,553-square-foot office building located at One Copley Way in Morrisville, roughly 14 miles west of Raleigh. Fred Dickens of TradeMark represented the undisclosed seller in the off-market transaction. The buyer, Virginia Beach-based Continental Capital Partners, has retained TradeMark to lease the Class A property.
LOMBARD, ILL. — Bradford Allen has arranged the sale of a 52,564-square-foot office building in Lombard. The three-story property is located at 1910 S. Highland Ave. and is 37 percent leased. Ryan Moen of Bradford Allen represented the undisclosed buyer in the transaction. Bill Novelli and Derek Fohl of CBRE represented the seller, RBS Citizens Bank. Bradford Allen will serve as the leasing agent and property manager for the property.
ENGLEWOOD, COLO. – EN Engineering has expanded its footprint in Englewood. The pipelines, utilities and industrial industries consultant will increase its office space from 4,117 square feet to 10,436 square feet. The space is located at 9777 Pyramid Court. The building was constructed in 1995. EN Engineering was represented by Zach Williams of Cushman & Wakefield. Westcore Properties was represented by Keith Krombach and Nathan Johnson.
BALTIMORE — Corporate Office Properties Trust (COPT) has acquired a 24-story office building located at 250 W. Pratt St. in Baltimore’s Pratt Street Corridor for $63.5 million. The 368,200-square-foot property was approximately 95 percent leased at the time of sale to tenants such as Pandora, University of Maryland Faculty, University of Maryland Medical Systems and GSA-U.S. Probation and Parole Office. The office building has direct access to I-95 and sits caddy-corner to Oriole Park at Camden Yards. As of Dec. 31, 2014, COPT’s portfolio consisted of 173 office properties totaling 16.8 million square feet.
MIAMI — Crocker Partners has signed international law firm Hughes Hubbard & Reed LLP to a 24,000-square-foot lease renewal for the full 25th floor at Miami Center, a 34-story office tower in Miami’s central business district. Rashid Siapoosh of Newmark Grubb Knight Frank, along with Gerard Cruse and Fran Tuffy of Hughes Hubbard, represented the tenant in the 10-year lease renewal. Jon Blunk, Laurel Oswald and Cristina Glaria of Cushman & Wakefield represented the landlord.
FORT WORTH, TEXAS — CBRE Capital Markets has arranged the sale of 550 Bailey, a recently renovated, Class A office building in Fort Worth’s cultural district. The seven-story, 122,828-square-foot asset was renovated in 2008. It includes an adjacent multi-level parking garage and surface parking, which has an overall parking ratio of 3.5 parking spaces per 1,000 rentable square feet. Transwestern Investment Group, on behalf of Diversified International Partners, purchased the asset for an undisclosed price. Gary Carr, John Alvarado, Eric Mackey and Robert Hill of CBRE’s Dallas office represented the anonymous seller. Since 2008, ownership invested approximately $6 million to transform the former single-tenant corporate headquarters building into a multi-tenant office property. An additional $5 million went into leasehold improvements over the same period. Renovations include the remodeling of the lobby and common areas, upgrades to the elevators, exterior landscaping enhancements and the construction of a covered walkway from the parking garage to the office building.
FRISCO, TEXAS — Colliers International North Texas has negotiated the sale of Stewart Creek Office Center II, a Class A office building in Frisco. Creighton Stark and Jack Minter of Colliers International represented the seller, Stewart Creek International Investors. Stewart Creek Office Center II is located at 5750 Genesis Court near the Dr. Pepper Ball Park, Frisco Convention Center and Toyota Stadium. The property was developed in 2006. The building is fully leased to 10 tenants.